NFA administrator instructs all field offices to intensify palay purchase
National Food Authority (NFA) administrator Jason Laureano Y. Aquino has instructed all the state-run grains agency’s field offices to intensify palay procurement activities for buffer stocking.
This, as farmers begin to harvest their main crop this month.
The main harvest, from October to December, contributes 70 percent to the country’s total annual harvest.
“We have 293 buying stations nationwide and mobile procurement teams are ready for deployment,” Aquino said.
NFA procurement teams are also intensifying its advocacy campaign and are closely coordinating with farmers’ organizations (FOs) and local government units (LGUs) to inform them of the food agency’s procurement scheme and incentives.
This was after Aquino assured that while there is a slight delay in the arrival of part of the rice imports, the NFA has enough stocks to supply the needs of relief-giving agencies and local government units should such need arise.
As of September 28, NFA has procured a total of 299,506 bags of palay under its regular procurement program and Farmers Option to Buy Back (FOBB).
Under the FOBB program, the farmers have the option to buy back the same volume of stocks they sold to the Agency within a six-month period should they wish to resell them at higher prices. However, they would have to pay for the additional cost for the maintenance of stocks to the agency.